L.B. Foster Sees Unusually High Options Volume (NASDAQ:FSTR)

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L.B. Foster (NASDAQ:FSTR) was the recipient of some unusual options trading on Monday. Stock traders bought 1,233 call options on the stock. This represents an increase of approximately 1,921% compared to the average volume of 61 call options.

FSTR has been the subject of a number of analyst reports. B. Riley reaffirmed a “buy” rating and issued a $20.00 target price (up previously from $19.00) on shares of L.B. Foster in a research report on Wednesday, March 3rd. Zacks Investment Research upgraded L.B. Foster from a “hold” rating to a “strong-buy” rating and set a $20.00 price objective on the stock in a research note on Friday, March 5th.

NASDAQ FSTR opened at $16.49 on Tuesday. L.B. Foster has a 52-week low of $9.29 and a 52-week high of $19.47. The stock has a market cap of $178.17 million, a PE ratio of 5.55 and a beta of 1.22. The firm has a 50-day moving average of $17.34 and a 200-day moving average of $15.95. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 2.05.

L.B. Foster (NASDAQ:FSTR) last released its quarterly earnings results on Monday, May 3rd. The basic materials company reported ($0.12) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.09). L.B. Foster had a return on equity of 2.61% and a net margin of 5.85%. As a group, analysts predict that L.B. Foster will post 0.4 EPS for the current fiscal year.

A hedge fund recently raised its stake in L.B. Foster stock. Rutabaga Capital Management LLC MA grew its stake in shares of L.B. Foster (NASDAQ:FSTR) by 28.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 344,590 shares of the basic materials company’s stock after acquiring an additional 76,381 shares during the quarter. L.B. Foster comprises about 3.1% of Rutabaga Capital Management LLC MA’s portfolio, making the stock its 3rd biggest holding. Rutabaga Capital Management LLC MA owned approximately 3.21% of L.B. Foster worth $5,186,000 as of its most recent filing with the SEC. Institutional investors own 71.09% of the company’s stock.

About L.B. Foster

L.B. Foster Company provides products and services for the rail industry and solutions to support critical infrastructure projects worldwide. The company operates in two segments, Rail Technologies and Services; and Infrastructure Solutions. The Rail Technologies and Services segment offers new rail to passenger and short line freight railroads, industrial companies, and rail contractors; used rails; rail accessories, including track spikes and anchors, bolts, angle bars, tie plates, and other products; power rail, direct fixation fasteners, coverboards, and special accessories; and trackwork products, as well as engineers and manufactures insulated rail joints and related accessories.

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